Driving SMBs acceleration in Europe

Our investment in Salt Pay

Across the globe, if you are a small or medium merchant, you most likely struggle to accept multiple payment forms, create a seamless sale experience across multiple channels and make your business grow.

When Eduardo Pontes and André Street envisioned Stone back in 2012, their ambition far exceeded  just becoming an acquirer for SMBs in Brazil. Instead they built a company with technology at its core to finally take the pain from SMBs away through its tailored solutions and best-in-class customer support. Such focus was the foundation for Stone’s success in Brazil, turning the company into the U$ 20B+ business it is today.

Looking at Europe, André and Eduardo saw a market with the same deficits they had seen in Brazil years before, only six times larger. It was unconsolidated and even the largest players, mostly large banks, were depleted of innovation. With a clear opportunity ahead, Salt was created in 2019.

Salt’s mission goes far beyond just enabling SMBs to accept payments – it wants to be the central software platform through which small merchants will grow their businesses. Across all of Europe, Salt wants to:

  • Enable omni-channel electronic payments
  • Help SMBs operate more efficiently and reduce costs
  • Empower SMBs with tools to accelerate growth and customer engagement

To take on Europe will be a big challenge, but we believe the highly experienced management and lessons learned at Stone will catapult Salt in its growth curve. We are excited to have partnered with Salt so early in its ambitious journey.